USD/CHF – Pay Attention to .9758
Chart Prepared by Jamie Saettele, CMT
-Since May, USD/CHF has bounced between a 5 year trendline (support) and parallel that relates to the November 2015-January 2016 trendline. A break of one of these barriers will indicate that the range underway since May is complete and that the next directional move is underway. Near term, pay attention to .9758 (Fibonacci and underside of short term trendline) for resistance.